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20121201
20121231
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. welcome to tax eeerything america. good morning, everyone. income, dividend, interest, deductions, all financial transactions, granny's new hip, your mortgage interest. as we start the week it's all about raising taxes not cutting spending. tax everything. but there are rich people who will avoid the obama tax increases the board of directors at costco will get a huge tax windfall by paying themselves a big dividend this year. and jim senegal, charlie monger, bill gates' father all on the board in favor of taxing the rich, really? and the debate on guns front and center. that murder-suicide involving the kansas city linebacker brings on the call for gun control and the possibility of head injuries in football and drugs and alcohol. all right, everybody, monday morning, "varney & company" about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba ding the great rrier reef with sharks, or jumping into the marke he goes with people he trus, which ishy he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry
: but this is a historic reversal. look i've been in america 40 years and started out in san francisco 40 years ago and back in those days, there was always a net migration into california, significant numbers. california gained tens of millions of people over my time in america, but that just recently has been completely reversed. now there's a net leaving of people. and that's historic in america, that's historic. >> it is historic. it is historic because you come here, as i said for the weather, but that's it anymore and there's no promise of a future. don't promise that you're going to be able to put down your stake and really do something with it. look at the head of facebook, one of the partners left not only the state of california, left the united states of america because of the taxes going on in this state and in the united states of america itself. so, again, there's no incentive to stay in the state because you were so punished, if in fact you do have the state. if you're a young couple trying to raise a family into the public school system and the public school system is in the tank an
and denies the children for a chance to live in america and the love of parents. and a slap in the face of president obama. and remember when there was a reset button to signify resetting and establishing the relationship between the two countries and the president whispered that he would have more flexibility in his second term. what happened? now, mr. putin bans american adoptions because america has criticized russia's cuban rights, oh, dear. the senate is in session, and the house will return late sunday and top lawmakers meet today at the white house. they've had months to reach a deal and still, there has been no deal and there's no negotiatable plan on the table. their failure to do their jobs, that's my opinion. if it was you or me we'd likely be fired by now. rick newman from u.s. world and news report is here. look, i've had it up to here with this. i think our viewers do, too, share this outrage? >> yeah, i think i'll have a meeting whether i'll do my job or not. stuart: really? >> a lot of people have not been paying attention until recently. this is affecting the real econo
as americans coming from the same place. we all want to live in a safer america. we just differ on how to achieve that. where i think the mark is being missed, and for give the pun, is that i feel like the discussion needs to be about the madness, not about the method. so, let's focus on violence as a topic, certainly, guns is one point of discussion, but i think that there is a broader discussion to be had. but nobody can make any progress until we take some of the emotion out of it. and think about it holistically, we don't want to have unintended consequences and fix one thing and break another, and i think that's where the challange is. the good news we all want to live in a safe america, we need to talk about the best way to achieve that. stuart: that's unbelievely retrained from you, carol. i unleashed earlier on the program against piers morgan and were you restrained. i appreciate that. >> now what, stuart? i'm starting a new party in in america, i'm calling it the common sense party. if you'd like to join me, this is my-- one of my first forays in the common sense party. stuar
have become the entitled state of america and i will tell you what i've never been in a job if i decided to go on strike they wouldn't have said, carol, guess what, that's the door don't let it hit you on the butt as you go out. if they want to strike, 20 million people that are unemployed or underemployed that would be happy to have a job. stuart: it's shades of ronald reagan firing workers in the 1980's patco. >> exactly. stuart: president obama is not in a position to fire port workers and the people who run the ports, they're not going to fire them, they'll just let them walk out, that's what's going on. >> well, look, this didn't work out well for the hostess company and for twinkies, so i feel like somebody has a to take a hard stand here, if we keep letting it happen over and over again, it's a situation. whether it be with congress or strikes, there need to be consequences for people's actions, stuart. stuart: you're right. here we are at the end of the year, we've run out of money and a fiscal cliff crisis on our hands, dock workers are probably going to go on strike. it
or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. dame elizabeth mother of news corporation chairman and chief executive rupert murdoch died at age 103. news point company fox. now sad news. and he's raised tax rates and he was elected based on his tax the rich policy. he says that america is poised to take off and if it doesn't, it's the republicans fault. listen. >> you
in a financial crisis and ms. lagarde, who heals from tax the rich, 75% france is lecturing america, very interesting. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word? >> and light tte candles. >> if you light them i will come. >> you have six children. >> as do you. >> leave me out of this. >> and others people say they can't afford it you're saying it doesn't matter if you can afford them or not. >> if the price tag of having a child scares you the most, you haven't done the right gut test. stuart: so, go ahead and have the children whether you can afford them or not. >> having children is the investment in the future. if we don't have children now and understanding
. stuart: a question for you. >> go ahead. stuart: in america we say you have goose bumps when you're very cold. in england we say you're hen-fleshed. are you either this morning? >> i am both, put together. times a hundred. stuart: excellent. >> i look like rudolph with my nose. stuart: may i recommend you wear a hat and i'm losing my hair and-- >> i do, i have a hat with me as well as ear warmers just not for this hit. can i tell you some things going on behind me today? >> no, don't have time, sorry. that's the way it is. >> i was going to tell you about the drunken revellers and their bathroom experiences, i guess you don't want to know. stuart: you should hear what they're saying, no more drunken revellers, no time. wrap up, keep warm, young lady, i mean it. >> thank you very much happy new year to you. stuart: happy new year to you, lauren. and on thursday, president obama signed an executive order that ends a pay freeze for congress and federal workers that is. as our march this coming here, federal employees will see 1/2% to 1% pay increase and get this, 535 members of congress wil
surge in america. what is the single most popular hand gun in america today? >> the smaller 380 caliber pocket pistols. it is designed to be carried concealed by a licensed individuals. stuart: do you think people are buying guns in record numbers simply because they feel that their second amendment rights are under threat? >> that is not the only reason. we have seen a rise in hunting license sales and a rise in sporting characteristics, the gun matches, and competitions, all sorts of sporting activities that foundation is involved in so is across the board. stuart: when you represent sportsmen. what about this concealed carry, millions of permits in florida. that is not because people think their second amendment rights are under threat? they personally feel threatened when they're on the streets. >> it is a bit of the inverse. when the supreme court announced that it was an individual right to keep and bear arms more people said it is my right, i should look into this so they are flying across the country in record numbers as you state to get concealed carry permits. that does not me
in america and they've not done that before. what do you make of it. >> they haven't done it in 20 years and i know apple has been wanting to do this. it's been a thorn in the side of apple. stuart: it's for political reasons? >> it's for political reasons, sure, and the thorn in the side is tim cook to deal with worker conditions. >> no, no, no. >> sure. >> you can't tell me, the chief executive says i'm tired of getting on that plane and going to china. >> and i don't know that he cares about getting on the plane. he's tired of the negative pr. >> right. >> and now to the real point. and it's a drop in the bucket. this is all simply to fight the pr war. by the way he said something interesting, i'm not obligated to create a certainly kind of job, i'm obligated to create jobs and hey, you guys want to me bring the, 4 and $5 an hour jobs, if that'll keep the press off my back, i'll do it. if this is the job we want i'll create them and a hundred million. >> it's a drop in the bucket and we have to worry about regulation in california and they built the plant in california and what they'r
: well, father, i think america is in mourning and i think the mood is somber and reflective and we appreciate you being with us today, father jonathan morris and your message there, we appreciate it, sir. >> thank you. >> it's monday morning and training has just begun for the new week, where are we? up 33 points. and maybe speaker boehner making an offer about the fiscal cliff negotiations, maybe he's saying, look, you can tax pat a higher rate incomes over a million dollars a year and maybe that helps market sentiment? we're up 43 points in the very early going. to nicole, google shares are higher. what's this, another analyst raising a price target, is this what happened? >> we're doing the analyst morning for you. you know what? really, take aside what the number is. it just shows you what wall street is thinking. so, if you just take that message, that will give you a clear indication of which way the stocks may be going. so, in in case, ever core partners is looking there and raising the price target to $850 from 830 and they have an overweight rating and so, this basically i
did. stuart: quite prepared to sell america cheap. >> america is not on sale. [laughter] charles: unless the buyer has cash. >> okay, it might be. stuart: settle down everyone. i want to show you a place in miami. this, the asking price was almost 6 million dollars. now this is a mansion and a half. 6 million the asking. what was the buying price? >> we have it under contract for 5 million dollars. stuart: under contract means somebody is going to buy this thing? >> yes. stuart: they put a deposit down. you have the money. stuart: exactly. we have the money. -- >> who have the money. a saudi arabian buyer has it rented for three years. stuart: the per year rental? >> $30,000 a month. they're willing to pay the first year and a half up front. stuart: wait a second. the buyer, the buyer, the saudi? >> yes. stuart: he's going to rent it? already have an agreement for three years at 30,000 a month, $360,000 a year guaranteed income coming in for the purchase price of 5 million. >> right. so basically it's another half a million dollars after taxes and insurance and all that, that he
that to america where 45% of the total population gets out of bed and goes to work. according to the wall street journal, in greece total economic activity is down 20% in the past four years. this is a country in financial ruin. the question, how can a country of 11 million repay a 1/2 trillion dollars worth of debt and it's hard to think they could ever recover. heart breaking for someone of greek heritage like our own nicole petallides, it's a dreadful siiuation. >> it is heart breaking and i was hoping, glad you didn't make me do it, trying to throw greece under the bus. the truth is the country is suffering greatly. and grandparents trying to support their sons, daughters, grandchildren all on one pension and many of europeans, they have a different mentality, in certain ways, retiring, off the government and that's not the greeks here in the states, willing to work 25 hours a day. and there's certainly a different mentality there, but they are suffering greatly. one gentleman, nobody talks, but the cemetery, very sad and solemn. stuart: that's a personal side % of the greek tragedy story. n
? >> you have caterpillar, bank of america, cisco systems and those are some of the biggest losers on the dow industrials. when we're seeing the dow down 3/4 of 1%, that's triple digits on the dow, right? it's 116 points ap tnd the othe thing i should note. tech heavy nasdaq, seems dramatic. 1.77%, that's a terrible day on wall street if that holds at that level. stuart: all right, i want to show everybody how bad it is for the dow 30. all 30 of the dow jones industrials stocks are showing red n tactffactactfufact-- in fact, the board is a sea of red and losing from 2 cents coca-cola to a big drop bank of america. talking about actual dollar terms and percentage terms, it's down. i'm going to mention a specific stock now, that would be facebook. a big part of facebook, good part it's free, right? that's what makes it cool. got it. now, facebook says it's begun testing a system for users to send messages to people outside their immediate circle of contacts. but you've got a pay a dollar to do that. facebook stock at this moment down 2.6% and debuted at 38 last may. let's check the o
is being misused now to basically endorse everyone in america having an assault rifle. >> that is completely not true. if he's somebody who wanted to kill somebody, there are plenty of weapons, including a fist, a car, a brick, a bomb that can do it. >> and rather hit by a-- >> and joining us know the aforementioned carol roth. and all right, fierpiers morgan give his proper name, didn't treat you very well. >> this all extends from a twitter war that sort of went viral so when i went on his show they stacked the deck against me and wouldn't get me get a word in edge-wise, so it's hard to make your point if you're not able to talk. at the end of the day, stuart, all i was doing was sticking up for second amendment rights. i didn't write the second amendment, but it's been there for a very long time and i certainly don't interpret it, but i am a strong believer and a strong supporter in it. and what's been completely amazing to me is all of the people who are supposedly anti-gun, that they have come and attacked me personally. they've wished violence upon me and i just
this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services and suntrust banks. more details when we've got them. the power and might of unions on display today and being tested. you will see huge protests at the state capital building in michigan where right to work legislation will be signed today. that means workers will be able to choose if they want to join the union. they will no longer be compelled to pay dues. here is the president speaking at a daimler factory in michigan yesterday. >> we do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we shouldn't do, i just got, what we shouldn't be doing is trying to take away your rights to bargain for better wages. stuart: and take away your rights to bargain. is that what's at stake here? is collective bargaining a right? these are obvious questions, we'll be on it through the program and our cameras are right at the action in lansing, michigan. we're also talking to the mayor of lansing, virg bernaro ne
, america should tax the rich, promise spending cuts way down the road and ignore the national debt. that was a trumka plan and that's exactly the kind of deal that's shaping up in washington right now on the fiscal cliff. joining us, kirsten powers, this is upon, i say this is a lousy deal. may be good politics, but for the economy it's bad news. so, kirsten, moderate democrat, i know what you are. should we take this lousy deal or should we just go over the cliff? what do you say? >> well, i think going over the cliff would be very bad because it would send a message that, i mean, the truth, honestly, that we have a completely dysfunctional system and the markets would probably not react well and we may see a credit downgrade and so that's not an ideal situation. and that said, i agree with you, it's a lousy deal. and the idea that they're just going to sort of kick the can down the road and have the frame work and deal with it later which means we know they'll never deal with it, it's a problem. >> my problem is that the administration, in fact, nobody's really suggesting concret
in america more than a month ago. some businesses are still seeing the effects. shares of darden restaurants, that's the company that owns red lobster, olive garden, they are down today after the company announced it expects to make less money next year than it originally forecast. the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of ambassador anna wintour. i couldn't wait for the normal time. i'm going to do it early. stay right there. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. that's why ally has ia raise your rate cd.n. ally bank. your money needs an ally. stuart: califo
. and now i have your seven early movers looking atling th at thet winners and losers, bank of america, a huge move for bank of america. moment depot up 46% this year as well. disney up 33% this year. jp morn, the bi morgan the big . up. imcdonald's down 11%. and the biggest dow loser hewlett packard down 45% for the year of 2012. well, iphone versus android. kindle versus i-pad. apple, google and amazon all going to war in 2013. who comes out alive? and don't forget facebook, they're in the mix as well. telecom ceo is next to tell us mo he thinks will come out on top. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >> announcer: you never know when, but thieves can steal your identity a
, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food b ban. david: take a look at this quote about romney. quote he wanted to be president less than anyone i've met in my life. he had no desire to run. now that is from his son, tagg romney about his father. he said that governor romney had to be persuaded to run by his wife and tagg. so company, what do you think about this? do you believe it? adam: if tagg wants back in on the inheritance -- [laughter] shibani: what do you think? if that's the case, then everything worked out as it should have in the first place. well, i would beg that his son is probably not the best spokesman. david: i mean i don't think somebody runs for six years straight without wanting the job. adam: of course romney wanted to be president. david: we don't believe you tagg, sorry. well stuart may be out for christmas, but here's something that can get us all into the holiday spirit. take a listen. stuart: two of my beautiful granddaughters will be with us this christmas, abigail and paige are watching right
Search Results 0 to 19 of about 20